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Investor Boom Hits Housing Market: Are Bidding Wars Back – Predictions

Marco Santarelli

After a period of relative dormancy, investors are returning to the scene, snapping up homes at a slightly increased pace compared to the first quarter of 2023. This marks the first uptick in investor purchases in nearly two years, according to a recent report by Redfin, the technology-powered real estate brokerage. housing market.

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Top LO Tim Potempa joins E Mortgage Capital

Housing Wire

But according to him, the firm has invested in new construction, land, and condominiums in a challenging mortgage market. He expects the group to close about $400 million in mortgages this year, representing about 15% of the company’s total. “In wholesale, you can shop and sell the loan to a multitude of investors.

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Benefits of Investing in New Construction Real Estate

Norada Real Estate

When it comes to investing in residential real estate, there are only two basic types of property you can invest in – new construction and resale. New construction properties are those that are purchased directly from the builder or developer who constructed the property. In short, they are considered brand new.

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Builders keen to work with bulk-buying new home investors

Realty Biz

American home builders have traditionally always kept investors at hand’s length, preferring to sell directly to individual buyers – homeowners – who’re usually happier to pay more to secure the home of their dreams. The report suggests that investors are responding warmly to the idea of working closer with builders, too.

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Despite lack of supply, existing home sales rise 6.7%

Housing Wire

Buyers were likely anticipating further rate increases and locking in at the low rates, and investors added to overall demand with all-cash offers,” said Lawrence Yun, NAR’s chief economist. Garage doors are taking months to arrive, delaying closings. That translates to just 1.6 from December and mortgage rates shot up 30 basis points.

Sales 404
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Homepoint looks to match broker partners with builders

Housing Wire

Homepoint’s “New Build program” connects homebuilders with business purpose construction financing through in-region mortgage brokers, with loan amounts up to $4 million per unit or $25 million per project. It’s also assessing a variety of other products to service a market that is now heavily purchase-focused.

Loans 352
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How Smart Investors Decipher & Respond to Real Estate Market Cycles

The Close

Unfortunately, we as investors are mere mortals and don’t have infinite time on this earth. This is because the market is still experiencing a feeding frenzy from buyers and investors looking to cash in on the appreciation from the previous cycle. To the novice investor, it looks like opportunities are everywhere.